The given statement "Whole-life insurance has a cash value for the insured person if he decides to stop paying premiums and cash the policy in" is true.
Explanation:
Full life insurance gives the clients a death benefit upon their death. It also offers the money value you can use after several years of regulation. The value of the cash for a whole lifetime is different from the general policy on how well the policy has been credited to the interest.
Life long protection together with an investment account is given by cash value insurance policies. A part of your premium costs or cash value will be paid into the investment account and that money will increase over time. You will earn the cash value less the costs of the contract if you wish to cash in your life insurance and pay out the lender's coverage early.
The intentional use of certain tactics to coerce, influence, or change others is known as ____.A. ManipulationB. SelectionC. TransferenceD. Evocation
Answer: Manipulation
Explanation: Manipulation refers to a way of social influence aimed at changing the actions or attitudes of others by means of indirect, manipulative or unethical tactics. By promoting the desires of a manipulator, mostly at the detriment of others, these techniques could be viewed as immoral and diabolical.
In other words, it refers to making someone to do any work as per someone else's desire. Manipulation refers to shaping and directing others for accomplishing a task. Politicians, media channels and spiritual leaders are seen as the most common and strong manipulators of present world.
which of the following is a characteristic of a revocable beneficiary designation?
Answer:
d) Policyowner can change beneficiary designation anytime without consent of beneficiary. See explanation below.
Explanation:
Life insurance by definition is the "contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured".
One characteristic of the life insurance policies is that can have revocable or irrevocable beneficiary designation.
A revocable beneficiary is possible "to be changed by the owner of the policy without the signature of the beneficiary".
An irrevocable beneficiary requires that a "beneficiary sign off on any policy changes".
a) Beneficiary may return control of policy to owner with written approval
Not true if is revocable the only person that can change the insurance is the owner not the beneficiary
b) Beneficiary has a vested interest in the policy
Not true, since the the owner have the control the beneficiary
c) Policyowner requires beneficiary’s permission to borrow against the cash value
Not correct since for a revocable beneficiary the owner can change the insurance
d) Policyowner can change beneficiary designation anytime without consent of beneficiary
This is the correct option since the the only person that can change the conditions is the policyowner and without the consent of the beneficiary.
When the U.S. aggregate demand curve shifted to the left during the Great Depression
a. Real gross domestic product (GDP) increased.
b. Tax rate decreased.
c. The money supply increased.
d. Real GDP decreased.
e. The price level increased.
Answer:
The correct answer is option d.
Explanation:
The aggregate demand comprises of consumption spending, government spending, investment spending and net exports. The AD curve is downward sloping curve.
A leftward shift in the aggregate demand curve means a decrease in the aggregate demand. A decrease in the aggrgate demand menas a decline in the GDP.
Let’s assume a required reserve ratio of 10 percent.
If First Bank lends out its excess reserve of $90 and that money is deposited in Second Bank, then Second Bank has an excess reserve of $______ to lend.
Answer:
The answer is 72.9 dollars.
Explanation:
The reserve ratio of 10% means that bank must keep 10% percent of amount deposited in bank to meet emergency payments and can lend the remaining 90% to other banks. So the second bank can lend 81 dollars that is 90% of 81 dollars. As per this rule second bank has 72.9 dollars (90% of 81) to lend.
The ninth worker adds 25 units to total production. The tenth worker adds 22 units to total production. The company has:___________.
Answer:
Diminishing returns
Explanation:
A firm producing widgets (term for a generic good) has two factors of production. The factory and labour. The capacity of the factory is fixed, and the marginal cost (MC) of labour is the same (i.e. each new worker will cost the same).
There are two stages to how MC is affected.
1. Increasing returns (MC goes down)
As output begins to increase, the large manufacturing processes/equipment still not fully utilised means and the additional labour can be productive as they can always use the equipment to its full potential due to which the MC is relatively low.
2. Constant returns (MC goes sideward)
At this point, labour is producing its optimal output per unit. The marginal cost is therefore at its lowest.
3. Diminishing returns (MC goes up)
The more labour that is employed, the less marginal output it is able to produce. This could be a result of too many people to efficiently operate/ rotate use of machinery. The cost increases more and more to generate an extra unit of output, because of labour exhibiting diminishing returns in the short run.
In this question, the 10th worker has added 22 units which is 3 units less than the number of units added by the 9th worker, thus the company is producing less marginal output for each worker. so based on the above discussion it can be concluded that the company has Diminishing returns.
A posted speed limit of 55 mph means: You may drive 60 mph day or night on that road You can always lawfully drive 55 mph on that road You may drive 60 mph as officers allow an extra 5 mph You may drive 55 mph only under favorable driving conditions
Answer:
You may drive 55 mph only under favorable driving conditions
Explanation:
Indicated speed limits are applicable if and only if the surrounding conditions are ideal (good weather, no rain or snow) and it is daytime (since visibility is limited during nighttime). In the case of such conditions and time, it is essential to decrease the maximum allowed speed limit, in order to maintain the safety of traffic.
The posted speed limit of 55 mph means that you may drive at a maximum speed of 55 mph on that road under normal driving conditions. It indicates the legal limit and is applicable both day and night. It does not allow for exceeding the speed limit unless specified by other traffic signs or regulations.
Normal driving conditions refer to the typical or standard conditions on the road, without any extraordinary or hazardous factors present. It implies that the road is clear, visibility is good, weather conditions are normal, and there are no specific obstacles or dangers that would require adjusting driving behavior.
It assumes that drivers can maintain control of their vehicles and safely navigate the road without any additional precautions. However, it is always important for drivers to exercise caution and adjust their speed and behavior based on the actual conditions they encounter, even within the normal driving conditions.
Learn more about normal driving conditions here:
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A person has $4,000 in medical expenses and an adjusted gross income of $32,000. If taxpayers are allowed to deduct the amount of medical expenses that exceed 7.5 percent of adjusted gross income, what would be the amount of the deduction in this situation?
Answer:
$1600
Explanation:
32,000 x .075 = 2400, and since 4000 exceeds 2400 by $1600, $1600 will be deducted
A taxpayer cashes in a certificate of deposit early and incurs a penalty. Where is the penalty deducted from income?
Answer:
this question is incorrect.
Explanation:
if u pay early an incentive should be given.Consider two goods - one that generates external benefits and another that generates external costs. The actual market outcome woulda.result in a price that is lower than the efficient price for both goods.b.result in a price that is higher than the efficient price for both goods.c.result in a price that is lower than the efficient price for the good with an external benefit and a price that is higher than the efficient price for the good with an external cost.d.result in a price that is higher than the efficient price for the good with an external benefit and a price that is lower than the efficient price for the good with an external cost
Answer:
c.result in a price that is lower than the efficient price for the good with an external benefit and a price that is higher than the efficient price for the good with an external cost.
Explanation:
As external benefits and costs, none of them are recognized in the price function of each market, this means that benefits nor cost are accounted for the price formation process
Calculating the rate of return allows you to determine: ________.
A. If an individual is qualified to purchase an investment
B. The interest rate on the investment
C. If the investment is earning enough to meet or exeed your investment goals
D. The total cost of the investment
Answer:
The answer is C. If the investment is earning enough to meet or exceed your investment goals
Explanation:
Rate of return is calculated by dividing the return you receive on your investment by the initial cost of the investment and then by multiplying it by 100.
Simply, this shows you how much you've received out of the investment you made initially.
So, a 10% rate of return means you have received 1/10th out of the initial investment and that at this rate, it will take 10 years to cover the cost of the initial investment.
Abdul, a financial analyst, is not employed directly by any company. he works for several clients based on their requirements. Abdul is a(n) _________.
a. contract company worker
b. part-time employee
c. independent contractor
d. permanent employee
e. temporary employee
Answer:
The correct answer is C. independent contractor .
Explanation:
Abdul, a financial analyst, is not employed directly by any company. he works for several clients based on their requirements. Abdul is an independent contractor.
Independent contractor is a self-employed person who provides certain services to a second-party (or client or owner), or to a third-party on behalf of the client. In other words, an independent contractor is a person, business, or corporation that provides goods or services under a written contract or a verbal agreement (written or oral).
External Auditors, tax consultants and valuers appointment by the companies are some the exmaples of independent contracters.
Answer:
Abdul is an independent contractor.
The correct answer is C
Explanation:
A contract company worker is an employee retained by a company on contract basis. The employee is entitled to some benefits in the company because he/she is not a permanent staff.
A part-time employee is an employee that works fewer hours in a company. He/she is not permanent employee of the company. Part-time employees are usually paid on the basis of hours worked.
An independent contractor is not an employee of a company. He/she performs a service to a company based on the agreed fee. Abdul is an independent contractor because he is not directly employed by any company but works for several clients based on their requirements.
Compared to consumers, producers will lose the lesser amount of surplus from a tax if:
Answer: Supply is more elastic than demand
Explanation:
Elastic demand means if there is an increase in price then the quantity demanded will decrease. Percentage change in price results in a percentage change in quantity.
If supply is more elastic then that would mean the producers are getting affected. Because a change in price would affect the quantity demanded and hence would affect the supply of the product. Taxes would mean the producers would have to increase the price of the product hence, affected producer surplus and decreasing the demand of the product.
Xiu Li believes that her sales force should sell by identifying prospective clients, such as the Coffee Collective, providing them with information, persuading them to buy, closing the deal, and then following up with them after the purchase. This type of salesperson is referred to as a(n)__________.
a. inside order taker
b. order getter
c. order clerk
d. consultant
Answer:
This type of salesperson is referred to as a order getter.
Explanation:
An order getter is the salesperson that mostly fits the description given in the question. An order getter goes out to meet prospective clients, convinces them that the product is best to solve their business needs and also helps with post-sales activities.
In comparison, an inside order takes sales orders and is not required to be the one making sales. Also, an order clerk receives customer orders and handles payments.
A consultant could also perform the tasks mentioned in the question but his duties could go beyond that and would require more experience and skill across a wider region.
Fact Pattern 10-1 Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery. Refer to Fact Pattern 10-31 If Ambrose breaches the contract, Belle Vista's remedy would most likely be________.
Answer:
specific performance.
Explanation:
In contract law, specific performance refers to a legal remedy ordered by a court in order to compensate the non-breaching party. This remedy should result in the injured party holding a financial position equal to the position that should have resulted from the performance of the contract.
In other words, Ambrose must either purchase the 350 acres or pay an amount of money that would improve Belle Vista's financial position in the same way as the selling of the land would have.
Bedrock Company reported a December 31 ending inventory balance of $412,000. The following additional information is also available:
1. The ending inventory balance of $412,000 included $72,000 of consigned inventory for which Bedrock was the consignor.
2. The ending inventory balance of $412,000 included $22,000 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year.
3. Based on this information, the correct balance for ending inventory on December 31 is:
A. $412,000
B. $340,000
C. $318,000
D. $362,000
E. $390,000
Answer:
A. $412,000
Explanation:
Consignments($72,000) are usually owned by the consignor until the consignee sells or uses the goods. Hence the proper treatment is to record the goods as the property of Bedrock company.
Office supplies of $22,000 represents goods to be used in future. Failing to record this stock value without reporting the associated value(revenue) is not be permissible. Since you cannot record a future or expected activity, it is proper to report the stock value of $22,000 as closing inventory.
The management at Climate Action Development needs to recruit campaign managers for its Renewable Energy Project. They are looking for candidates who are assertive, extroverted, and who can tackle challenges head-on. Which of the following deep-level characteristics should they focus on to best help them recruit the right candidate for the job?
A) race B) age C) ethnicity D) gender E) personality
Answer: (E) Personality
Explanation:
According to the question, the personality is one of the characteristics of the person that refers to the behavior, emotions, thinking and feelings in the environment.
By evaluating the personality of the individual person we can judge there ability and understand their characteristics.
It is also known as the personality psychology for evaluating the characteristics of the person for recruiting the right candidate for the specific profile by testing the individual person personality factor.
Therefore, Option (E) is correct.
In the straight line method the yearly percentage of cost lost through accured depreciation is found by
Answer:
Cost of asset less expected residual value /Expected useful life (years
Explanation:
Where the depreciable amount is charged in equal amounts to each reporting period over the expected useful life of the asset, this method of calculating depreciation is known as straight line method.
The yearly percentage of cost lost through accrued depreciation in straight line method is found by following formula:
Cost of asset less expected residual value /Expected useful life (years)
Monetary policy a. must be described in terms of interest-rate targets. b. can be described either in terms of the money supply or in terms of the interest rate. c. cannot be accurately described in terms of the interest rate or in terms of the money supply. d. must be described in terms of money-supply targets.
Answer:
b. can be described either in terms of the money supply or in terms of the interest rate.
Explanation:
Monetary policies are all policies enacted by the Central bank to control money supply and interest rate in order to achieve certain macroeconomic objectives.
Monetary policy can be expansionary or contractionary.
Expansionary monetary policy is carried out when the objective is to stimulate economic activities. They include open market purchase and lowering interest rates.
Contractionary monetary policy is carried out when the objective to reduce money supply. The Central bank can increase interest and rate and carry out an open market sale.
I hope my answer helps you
An MNC in a developing country is operating amidst severe space constraints, and the infrastructural conditions in the city are bad, causing a lot of lost man-hours. Anticipating rapid growth in the months to come, the company has created a recruitment plan based on its revenue expectations. However, it wants to manage this expansion without undertaking an expensive physical expansion. Which of the following could be a solution for the company?
A) profit sharing
B) groupshifting
C) telecommuting
D) gainsharing
E) codetermining
Answer:
The correct answer is C
Explanation:
Telecommuting is the term which is defined as the arrangement of the work in which the employee is working outside the office and often or rare do work from home or at a location which is close to home.
It is referred to as e- commuting or working from home.
So, MNC wants to manage the expansion without expensive physical expansion. Therefore, telecommuting would be the best solution for company.
If you invest $3,000 in an investment account paying 3% interest compounded weekly, how much will the account be worth in 10 years
Answer:
$4049.23
Explanation:
Data provided in the question:
Principle amount = $3,000
Interest rate = 3% compounded monthly = 0.03
Time = 10 years
Now,
Number of compounding periods in a year = 52 [as 1 year have 52 weeks ]
Using the formula of compounding
Future value = Principle × [tex][1 + \frac{r}{n}]^{n\times t}[/tex]
Here,
r is the interest rate
n is the number of compounding periods
t is the time in years
Therefore,
Future value = $3,000 × [tex][1 + \frac{0.03}{52}]^{52\times 10}[/tex]
or
Future value = $3,000 × 1.3497
or
Future value = $4049.23
Unidice, an information technology firm, recently installed a new data system that provides seamless access to data. This data system has a higher storage capacity and processing speed than other data systems available in the market. Although the data system can be acquired by other companies in the future, it has presently enabled Unidice to process its data faster and in a more economical manner than its competitors. It is evident that Unidice has achieved _____.
Answer:
first-mover advantage
Explanation:
First-mover advantage refers to the strategic advantage achieved by the first company that occupies a market segment. In order for a company to gain first-mover advantage it must be the first company to enter a market or at least be the first company to gain competitive advantage in that market.
Unidice is the first company to gain competitive advantage in the data system market because its processing speed is much higher than its competitors.
Sometimes you don't need to be the first one to enter a market, but you need to be the first one to do things right. For example, Microsoft introduced the Surface tablet almost a decade before Apple introduced the iPad, but Apple did it right, therefore Apple gained first mover advantage.
The following information relates to the beginning of the year:
Accounts receivable, $700,000
Allowance for doubtful accounts (credit balance), $60,000
Cash realizable value, $640,000
During the current year, sales on account were $195,000 and collections on account were $95,000. Also during the current year, the company wrote off $11,000 in uncollectible accounts. At year-end, an analysis of outstanding accounts receivable indicated that the allowance for doubtful accounts should have a $72,000 credit balance so the company records the appropriate year-end adjusting entry.
How much did the cash realizable value change during the current year?
Answer:
$77,000
Explanation:
Ending accounts receivables = beginning accounts receivables + sales on account - collections on account - write offs = $700,000 + $195,000 - $95,000 - $11,000 = $789,000
Ending allowance for doubtful accounts = $72,000
Ending cash realizable value = ending accounts receivables - ending allowance for doubtful accounts = $789,000 - $72,000 = $717,000
Beginning cash realizable value = $640,000
Change in cash realizable value = ending cash realizable value - beginning cash realizable value = $717,000 - 640,000 = $77,000
Final answer:
The cash realizable value of accounts receivable increased by $88,000 during the current year, calculated by considering beginning cash realizable value, sales on account, collections, and the changes in the allowance for doubtful accounts.
Explanation:
The calculation of the change in the cash realizable value of accounts receivable during the current year involves several steps and accounting entries. The initial cash realizable value is given as $640,000. During the year, the company made sales on account totaling $195,000, and collected $95,000 on accounts receivable. The write-offs of $11,000 for uncollectible accounts decrease the accounts receivable but do not affect the cash realizable value since the allowance had already accounted for this. At year-end, the allowance for doubtful accounts needs a credit balance of $72,000 to cover potential uncollectibles. This requires an adjustment increase from the original $60,000 to $72,000, which is an increase of $12,000 in the allowance. This adjustment decrease the cash realizable value of the receivables.
Starting with the original cash realizable value of $640,000, we add sales on account of $195,000 and subtract collections of $95,000 which would give us a preliminary value before adjustments of $740,000. After considering the adjustments to the allowance for doubtful accounts (increase of $12,000), the new cash realizable value at year-end is $728,000. Therefore, the cash realizable value increased by $88,000 during the current year ($728,000 - $640,000).
Changes in the money supply M1 relate strongly to changes in _____________ that are determined largely by loans made by the banking system..
Answer:
the correct answer is check able deposits
Explanation:
Changes in the money supply M1 relate strongly to changes in check able deposits that are determined largely by loans made by the banking system..
good luck
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reaquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? (Points: 2)
1. $80,0002. $10,0003. $90,0004. $100,000
Answer:
amount of cash dividend paid = $80000
so correct option is 1. $80,000
Explanation:
given data
common stock = 100,000 shares
shares issued = 45,000
subsequently reaquired = 5,000
dividend= $2 per share
to find out
What is the amount of cash dividends
solution
first we get here no of share outstanding that is
no of share outstanding = shares issued - subsequently reaquired .........1
no of share outstanding = 45000 - 5000
no of share outstanding = 40000 shares
and
now we get amount of cash dividend paid here as
amount of cash dividend paid = outstanding share × dividend share ...........2
amount of cash dividend paid = 40000 × $2
amount of cash dividend paid = $80000
so correct option is 1. $80,000
Sarah Mayer works as a security officer and is in charge of keeping track of who is in the office at any given time. She notices that some employees do not sign out of the office when they go out for meals, which makes it difficult to keep track of attendance of employees. Even though Mayer has repeatedly asked the employees to sign out, they have not followed her advice. She now decides to report the issue to her supervisor.
Which of the following components of an attitude is being demonstrated by Mayer?
A) cognitive
B) affective
C) behavioral
D) knowledge
E) positive
Answer:
Letter C is correct. Behavioral.
Explanation:
Attitudes in a workplace correspond to the way an individual will react to a particular situation. It may occur with other people's evaluation, problems and events, and may have a positive or negative character.
The behavioral component exemplified in the above question, is characterized as the intentions of an individual, are the tendencies of how an individual will behave towards an object in the short and long term.
Country X can produce corn and sugar at a lower cost than other countries. However, the world market for corn is stronger than for sugar. Therefore, Country X chooses to specialize in producing corn and to buy sugar from other countries. This example illustrates the concept of _____ .
Answer:
Specialization or Scarcity
Explanation:
Questions like this usually have an answer of Scarcity but if Specialization is a choice then choose that because it is a direct example of Specialization.
The concept illustrated by Country X's choice to specialize in corn production is called comparative advantage, where a country produces goods at a lower opportunity cost than others. This is distinguished from absolute advantage, where a country simply produces more of a good overall.
The example provided illustrates the concept of comparative advantage. In this case, Country X is able to produce both corn and sugar at a lower cost than other countries, but the world market for corn is stronger. Therefore, Country X chooses to specialize in the production of corn, for which it has a comparative advantage, due to its lower opportunity cost in producing corn compared to sugar. As a result, it buys sugar from other countries which might have a comparative advantage in sugar production.
Comparative advantage is different from absolute advantage, which occurs when a country can produce more of a good overall, regardless of the opportunity costs involved. For example, Brazil has an absolute advantage in sugar cane, given its larger production capacity when devoting all resources to sugar cane, compared to the U.S. However, when examining the opportunity costs, we find that each country has a lower opportunity cost in producing the good where they have a comparative advantage; Brazil in sugar cane and the U.S. in wheat.
Which of the following is notpart of the task of identifying the strategic issues and problems that merit front-burner managerial attention?
A) Analyzing the company’s external environment
B) Evaluating the company’s own resources and competitive position
C) Surveying a company’s board members, managers, select employees, and key investors regarding what strategic issues they think the company faces
D) Developing a "worry list" of "how to…," "whether to….," and "what to do about….."
E) Assessing what challenges the company has to overcome in order to be financially and competitively successful in the years ahead
Answer:
C)
Explanation:
Surveying a company´s board members, managers, select employees, and key investors regarding what strategic issues they think the company faces.
Green Corporation has current earnings and profits of $100,000 and negative accumulated earnings and profits of ($200,000). A $50,000 distribution from Green to its sole shareholder will not be treated as a dividend because total earnings and profits is a negative $100,000.
Answer:
False
Explanation:
Green's distribution of $50,000 in to its sole shareholder at the end of the year should be treated as a dividend because Green's total earnings and profits for the year were $100,000.
A distribution from a corporation to a shareholder can only be treated as a dividend when the corporation made a profit during the current year, or has positive accumulated earnings and profits.
While arguing with a coworker, it is best to point out mistakes immediately so that you do not forget something later.1. True 2. False
Answer:
the correct answer False
good luck
The function of a primary election is to choose the two candidates with the most votes who will then face off in the general election. choose one candidate from each party with the most votes who will face off in the general election. choose the candidates in each party receiving more than 50 percent of the vote to face off in the general election. choose the candidate with the most votes over 50 percent who wins the election and there is no general election.
Answer:
The function of a primary election is to choose one candidate from each party with the most votes who will face off in the general election.
Explanation:
Both the Democratic and Republican parties hold primary elections in order to choose one candidate (from each party) that will face the candidate of the other party in a general election.
For example, the Democratic primaries will take place between February and June 2020. 3,979 pledged delegates will be elected to participate in the Democratic National Convention where the Democratic presidential candidate will be voted.
Answer:
B. choose one candidate from each party with the most votes who will face off in the general election.
Explanation:
Edge